CGI Federal to advance General Services Administration financial management modernization

CGI Federal to advance General Services Administration financial management modernization

PR Newswire

Momentum® platform, Amazon Web Services (AWS) and AI-powered automation support GSA goals to streamline operations and reduce manual tasks

FAIRFAX, Va., Aug. 4, 2026 /PRNewswire/ — CGI Federal Inc. (CGI Federal), a leading provider of technology and professional services for U.S. government agencies, today announced it has been awarded a $251-million contract by the U.S. General Services Administration (GSA) to continue providing hosting, operations and maintenance support services for the Pegasys financial management system and GSA’s Multi-Tenant Shared Application (MSA) environment. The contract supports GSA’s efforts to modernize financial operations, improve efficiency and reduce costs across government.

Built on CGI Federal’s Momentum® platform, Pegasys and the MSA support GSA and 36 other federal boards, commissions and agencies with secure, compliant financial management capabilities aligned with the U.S. Department of the Treasury’s Financial Management Quality Service Management Office (FM QSMO) framework. The contract also advances federal priorities outlined in the administration’s Executive Order 14249, “Protecting America’s Bank Account Against Fraud, Waste and Abuse,” which promotes financial integrity and operational efficiency across government financial systems.

CGI Federal and GSA completed the migration of Pegasys and the MSA to Amazon Web Services (AWS) in 2025, resulting in approximately 25% hosting cost savings and a 30–50% improvement in batch processing performance. The modernization also creates a foundation for expanded use of AI and automation to improve operational efficiency and support GSA’s broader workforce optimization goals, including the agency’s “Million Hours Challenge,” which is focused on reducing manual labor through AI-enabled efficiencies.

“CGI Federal is proud to continue supporting GSA as it strengthens and evolves its federal financial management environment,” said Jay Hadley, Senior Vice‑President and Business Unit Leader for Regulatory Agency Programs, CGI Federal. “Our focus is on delivering resilient, future‑ready solutions that help agencies improve service delivery, enhance transparency and adapt to emerging mission needs. By combining secure cloud architectures with modern analytics and AI, we enable organizations to confidently advance their financial operations and better serve the public.”

Under the contract, CGI Federal will continue operating Pegasys and the MSA in a secure FedRAMP Moderate environment on AWS under CGI Federal’s Momentum-as-a-Service subscription model. CGI Federal’s Momentum solution bundles software licensing, hosting and managed services into a predictable annual model aligned with FM QSMO guidelines. It also includes a virtual assistant, AI data insights and agentic AI agents.

About CGI Federal

CGI Federal Inc. is a leading U.S.-based technology and professional services company that serves federal agencies across defense, civilian, healthcare, justice, intelligence and international affairs. With nearly 8,000 professionals, CGI Federal works with its clients to modernize government through innovative technology solutions, flexible delivery models and a commitment to achieve mission outcomes. CGI Federal is a wholly-owned subsidiary of CGI Inc. For more information, visit www.cgifederal.com.

Forward-looking information and statements

This press release contains “forward-looking information” within the meaning of Canadian securities laws and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable United States safe harbors. All such forward-looking information and statements are made and disclosed in reliance upon the safe harbor provisions of applicable Canadian and United States securities laws. Forward-looking information and statements include all information and statements regarding CGI’s intentions, plans, expectations, beliefs, objectives, future performance, and strategy, as well as any other information or statements that relate to future events or circumstances and which do not directly and exclusively relate to historical facts. Forward-looking information and statements often but not always use words such as “believe”, “estimate”, “expect”, “intend”, “anticipate”, “foresee”, “plan”, “predict”, “project”, “aim”, “seek”, “strive”, “potential”, “continue”, “target”, “may”, “might”, “could”, “should”, and similar expressions and variations thereof. These information and statements are based on our perception of historic trends, current conditions and expected future developments, as well as other assumptions, both general and specific, that we believe are appropriate in the circumstances. Such information and statements are, however, by their very nature, subject to inherent risks and uncertainties, of which many are beyond the control of CGI, and which give rise to the possibility that actual results could differ materially from our expectations expressed in, or implied by, such forward-looking information or forward-looking statements. These risks and uncertainties include but are not restricted to: risks related to the market such as the level of business activity of our clients, which is affected by economic and political conditions, additional external risks (such as pandemics, armed conflict, climate-related issues and inflation) and our ability to negotiate new contracts; risks related to our industry such as competition and our ability to develop and expand our services, to penetrate new markets, and to protect our intellectual property rights; risks related to our business such as risks associated with our growth strategy, including the integration of new operations, financial and operational risks inherent in worldwide operations, foreign exchange risks, income tax laws and other tax programs, the termination, modification, delay or suspension of our contractual agreements, our expectations regarding future revenue resulting from bookings and backlog, our ability to attract and retain qualified employees, to negotiate favorable contractual terms, to deliver our services and to collect receivables, to disclose, manage and implement environmental, social and governance (ESG) initiatives and standards, and to achieve ESG commitments and targets, including without limitation, our commitment to reduce carbon emissions, as well as the reputational and financial risks attendant to cybersecurity breaches and other incidents, and financial risks such as liquidity needs and requirements, maintenance of financial ratios, interest rate fluctuations and the discontinuation of major interest rate benchmarks and changes in creditworthiness and credit ratings; as well as other risks identified or incorporated by reference in this press release, in CGI’s annual MD&A and in other documents that we make public, including our filings with the Canadian Securities Administrators (on SEDAR+ at www.sedarplus.ca) and the U.S. Securities and Exchange Commission (on EDGAR at www.sec.gov). Unless otherwise stated, the forward-looking information and statements contained in this press release are made as of the date hereof and CGI disclaims any intention or obligation to publicly update or revise any forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. While we believe that our assumptions on which these forward-looking information and forward-looking statements are based were reasonable as at the date of this press release, readers are cautioned not to place undue reliance on these forward-looking information or statements. Furthermore, readers are reminded that forward-looking information and statements are presented for the sole purpose of assisting investors and others in understanding our objectives, strategic priorities and business outlook as well as our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Further information on the risks that could cause our actual results to differ significantly from our current expectations may be found in the section titled Risk Environment of CGI’s annual MD&A, which is incorporated by reference in this cautionary statement. We also caution readers that the above-mentioned risks and the risks disclosed in CGI’s annual MD&A and other documents and filings are not the only ones that could affect us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial could also have a material adverse effect on our financial position, financial performance, cash flows, business or reputation.

 

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SOURCE CGI Federal, Inc.